SEATTLE (March 4, 2026)—Perkins Coie announced on Wednesday it has represented Itron, Inc. (NASDAQ: ITRI), a global leader in energy, water, smart city, Industrial internet of Things (IioT) and intelligent infrastructure services, in its $805 million offering of convertible senior notes in a private placement pursuant to Rule 144A under the Securities Act, which included the exercise in full by the initial purchasers of their option to purchase an additional $105 million aggregate principal amount of notes.
The private notes offering of 0.00% convertible senior notes due 2032 was increased from the previously announced offering size of $600 million.
The Perkins Coie team that advised Itron included Corporate and Securities Partner Christopher Wassman, Of Counsel Andrew Bor, and Associate Jude Gee, as well as Tax Partner Eric Ashcroft.
Itron is a proven global leader in energy, water, smart city, IioT, and intelligent infrastructure services. For utilities, cities, and society, Itron builds innovative systems, creates new efficiencies, connects communities, encourages conservation, and increases resourcefulness. By safeguarding invaluable natural resources today and tomorrow, Itron improves the quality of life for people around the world.
